Oil and Gas News

January 11, 2016

Statoil responding to onshore gas leak
Stavanger, Norway (UPI) Jan 8, 2016
Norwegian energy company Statoil said it was burning off some of the gas while it depressurizes an onshore processing center following a gas leak. All personnel were accounted for and brought to safety following a leak at the Karsto processing facility in the west of the country. The company said there was a skeleton crew of about 25 people remaining on site to oversee the response. The leak occurred late Thursday local time. By Friday, Statoil said pressure at the facility was starting ... read more

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Jan 05

Canada gives nod to 40-year LNG export license The federal Canadian government said it approved a 40-year export license for liquefied natural gas from a facility set for the shores of British Columbia. ... more		Rig counts down 20 percent Oil field services company Baker Hughes said Friday the international rig count for December was down nearly 20 percent from 2014 levels. ... more		Saudi Aramco mulls IPO The world's largest oil company, Saudi Aramco, said Friday it was reviewing the potential to list its shares on the public market for the first time. ... more
				Oil prices slip further on China worries Oil prices fell further Monday on persistent worries about China's growth slowdown and a supply glut, but analysts said tensions between producer giants Iran and Saudi Arabia could provide some support. ... more		We've never lost, U.S. tells TransCanada Under threat from a TransCanada lawsuit, the U.S. government said it was confident the decision made on the Keystone XL oil pipeline was in line with the law. ... more

Feds wade into California gas leak response The U.S. government said it was providing technical support to California utility regulators working to stem a leak from a natural gas storage facility. ... more		Oil short-circuits on Chinese circuit breaker A second emergency halt to trading on the Chinese stock market in less than a week sent crude oil prices tumbling further in early Thursday trading. ... more		Fossil fuels harm health from 'cradle to grave': report Trash, mulch and security: All jobs for troops in Washington Rising oceans to threaten 1.5 million Australians by 2050: report		Oil prices bruising Norway's energy sector Norwegian geoservices company TGS said the weakened crude oil market has taken its toll as fourth quarter revenues fall more than 50 percent from last year. ... more
				Ukraine challenges Russian gas project Ukrainian energy company Naftogaz said it filed an official complaint in Europe, arguing Russian gas pipeline expansion plans would limit competition. ... more		TransCanada to sue US for $15 bn over pipeline rejection TransCanada will sue the US government for US$15 billion for blocking its controversial project for an oil pipeline linking Canada with the Gulf of Mexico, the firm said on Wednesday. ... more

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GasBuddy: Another year of low gas prices The average price for a gallon of gasoline in the United States is expected to drop in 2016 for the fourth straight year of declines, a market forecast finds. ... more		TransCanada to sue over KXL decision TransCanada said it filed legal action against the United States for the rejection of the Keystone XL oil pipeline, arguing it was protecting its investments. ... more		Orbit Over Obsolescence: How Satellite Constellations Are Replacing Cell Towers One Layer at a Time Constellations of Power: Smart Dragon-3 and the Geopolitics of China's Space Strategy The latest gaming tech to look forward to in 2025		TransCanada to sue US for $15 bn over Keystone XL pipeline rejection TransCanada said Wednesday it will sue the US government for US$15 billion for blocking its project for an oil pipeline linking Canada with the Gulf of Mexico. ... more
Oil takes it on the chin with heavy losses Crude oil prices suffered heavy losses in early Wednesday trading as macroeconomic concerns continued to trump worries over Middle East tensions. ... more		Kurds make payments for oil exports Energy companies working in the Kurdish north of Iraq said they've received payments from the regional government for crude oil exports. ... more		Market fundamentals driving oil for now, analysis finds The glut of oil on the global market is diminishing the prospects that tensions between Iran and Saudi Arabia will cause a spike in oil prices, analysis finds. ... more		Shale-rich Oklahoma facing budget crisis While emerging as a shale leader in the United States, the governor of Oklahoma said the state is facing 2016 with a major gap in its budget. ... more

	Faroe Petroleum ups reserve estimate Riding on the potential of its Norwegian assets, mid-sized energy company Faroe Petroleum said its reserve holdings for 2015 nearly doubled. ... more		U.S. shale player Pioneer expects higher output U.S. shale player Pioneer Natural Resources said it aims to boost production by at least 10 percent and spend around $2.6 billion despite the weakened market. ... more

U.S. defense in free fall

U.S. and Saudis conduct Middle East's largest counter-drone exercise

Saudi Arabia and Pakistan sign mutual defense pact

Appetite for mergers in energy sector drying up		U.S. oil storage at record high		Putin reviews environmental agenda		Statoil awards $1.2 billion in offshore contracts		Oklahoma proposes oil restrictions after quakes
Suncor takes turn in shareholder push		Gas prices stay below $2 per gallon		Oil prices turn lower as attention turns to China		Statoil to review CCS potential offshore Norway		Woodside finds gas offshore Myanmar

Cairn finds oil off the coast of Senegal

Oil-rich Saudi Arabia facing rough year

British energy sector facing risks

Iran tensions pull crude oil prices higher

Canadian Oil Sands declares independence

French jets strike IS oil sites in Syria: minister

Study assessed impacts of Deepwater Horizon oil spill on sea turtles

Ten Trillion Dollars Needed To Avoid Massive Oil Price Spike: OPEC

Canadian Oil Sands defends value against bid

Brazil defends treasures of its 'Blue Amazon'

Oil production costs low, Iran says

Oil, gas wages for Colorado strong

Oil prices deflate as year winds down

No limit to output, Saudi Arabia says

New North Sea oil production begins

Texas manufacturing offsetting oil sector weakness

Siberian oil output to be supported by tax overhaul

Oil recovers from Monday's downfall

U.S. gas prices inflated by refinery issues

Tests slated for giant Kashagan oil field

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